Funding

Vertice acquires Vendr to create the world's largest procurement intelligence dataset

Vertice announced on June 1, 2026 that it is acquiring Vendr, combining software pricing data with procurement intelligence to support autonomous AI negotiation. The company says the merged dataset will be the largest of its kind in procurement.

PR Newswire

SAP Acquires German AI Startup Prior Labs for €1 Billion Investment

SAP announced its intention to acquire German AI startup Prior Labs and invest €1 billion over four years to build an AI lab focused on structured enterprise data. The acquisition will integrate Prior

TechCrunch

Kai and Nexthop AI close major funding; $125M and $500M rounds announced

Kai, specializing in cybersecurity for procurement, closed a $125 million round, and Nexthop AI, focusing on AI infrastructure including procurement, secured $500 million in new funding in recent AI s

AIFundingTracker

Procure AI raises $13M to scale autonomous procurement platform

Procure AI closed a $13 million funding round to deploy its AI-native procurement platform featuring 50+ agents, aiming to automate sourcing, contracting, and purchasing for enterprises.

TechEU

ORO Labs Secures $100M Funding to Scale AI-Powered Procurement Orchestration

ORO Labs has successfully raised $100 million in new funding to expand its procurement orchestration platform globally. The platform utilizes AI to streamline and automate complex procurement workflow

Lio Raises $30M to Scale AI Procurement Automation Platform

Lio raised $30 million to expand its AI-powered procurement platform, focusing on automating workflows, reducing enterprise purchasing costs, and improving efficiency.

Ventureburn

Zip Raises $100M Series C to Scale AI Procurement Orchestration

Zip closes $100M Series C to expand AI procurement orchestration and intelligent supplier matching.

TechCrunch